Digital payments are quickly becoming the norm for American consumers. According to 2024 McKinsey data, 92 percent of shoppers used a digital payment method in the last year. Digital payments for ...

Cash Cash is one of the most reliable and widely used forms of payment for businesses. Due to the carry limit and ease of use, cash is most used by small businesses looking to avoid transaction fees ...

Accepting credit cards requires a payment processor like Square or Stripe, a merchant account, and hardware like POS terminals. Fees range from 1.5% to 4%.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...